Idacorp Inc (NYSE: IDA)

IDACORP Inc., commonly known as IDACORP, operates in the utilities industry. It is a holding company that primarily engages in the generation, transmission, distribution, sale, and purchase of electric energy and capacity through its subsidiary, Idaho Power.

IDACORP's main business activities involve the production and distribution of electric power. The company operates in the United States, specifically in southern Idaho and eastern Oregon. Its operations are discussed further in Part II, Item 7 - MD&A - "Results of Operations - Utility Operations."

The company generates revenue primarily through the sale of electricity to retail and wholesale customers and the provision of transmission service. Idaho Power's power supply is diversified across multiple sources, including hydropower, coal, natural gas, and purchased power. The company's primary products include electricity, which is sold to residential, commercial, and industrial customers. Idaho Power's hydropower projects include nine projects with a total nameplate capacity of 44 MW, four of which are located in Idaho and five in northern California.

In terms of competition, Idaho Power's electric utility business has historically been recognized as a natural monopoly. However, the company faces competition from alternative methods of generation, including customer-owned solar and other forms of distributed generation, and energy efficiency measures.

Idaho Power's customers are primarily located in southern Idaho and eastern Oregon, with approximately 95% of its retail revenue originating from customers located in Idaho. The company offers a range of energy efficiency and demand response programs to its customers, including financial incentives for irrigation customers, energy efficiency programs for new and existing homes, and incentives to industrial and commercial customers for acquiring energy-efficient equipment.

IDACORP and Idaho Power have established a range of environmental, social, and governance initiatives, including reducing carbon emissions intensity, reducing coal-fired generation, and adapting to climate change. The company also has a strong commitment to safety, with a focus on employee safety and well-being. IDACORP believes that its employees are its greatest asset and has established a range of programs to attract, retain, and develop high-quality employees. The company has a strong safety culture, a respectful and inclusive environment, opportunities for development, and competitive compensation and benefits. IDACORP's Code of Business Conduct emphasizes the importance of respect for all employees and promotes an inclusive company environment.